3 Undervalued Fintech Stocks to Buy Now
Undervalued fintech stocks, which have struggled in recent months could rebound in the coming quarters as consumers continue to embrace the digital financial future. Affirm ( AFRM ): A recently announced partnership with Fiserv ( FISV ) should increase the company’s customer base. PayPal ( PYPL ): Its new credit card offering could help increase revenues from transaction fees. SoFi Technologies ( SOFI ): The acquisition of the cloud-based banking platform could increase efficiency and cut costs in the future. Source: Wright Studio | Shutterstock.com Undervalued fintech stocks, our topic for today, have struggled in the first half of 2022. Last year’s excitement over disruptive innovation in an established sector has waned in the face of tightening monetary policy. Despite recent setbacks, the fintech market is on an undeniable upward trajectory. Recent research highlights , “The market size stood at USD 112.5 Billion in the year 2021. The Global Fintech Market size is expected to reach USD 332.5 Billion by the year 2028, and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.” But for now, interest rate hikes add to mounting inflation levels and fears of an impending recession, all of which have taken their toll on the fintech sector.
3 Undervalued Fintech Stocks to Buy Now
Undervalued fintech stocks, which have struggled in recent months could rebound in the coming quarters as consumers continue to embrace the digital financial future. Affirm ( AFRM ): A recently announced partnership with Fiserv ( FISV ) should increase the company’s customer base. PayPal ( PYPL ): Its new credit card offering could help increase revenues from transaction fees. SoFi Technologies ( SOFI ): The acquisition of the cloud-based banking platform could increase efficiency and cut costs in the future. Source: Wright Studio | Shutterstock.com Undervalued fintech stocks, our topic for today, have struggled in the first half of 2022. Last year’s excitement over disruptive innovation in an established sector has waned in the face of tightening monetary policy. Despite recent setbacks, the fintech market is on an undeniable upward trajectory. Recent research highlights , “The market size stood at USD 112.5 Billion in the year 2021. The Global Fintech Market size is expected to reach USD 332.5 Billion by the year 2028, and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.” But for now, interest rate hikes add to mounting inflation levels and fears of an impending recession, all of which have taken their toll on the fintech sector.